Summary - 10A SECOND AND THIRD FLOOR THE CRESCENT LYTHAM ST ANNES FY8 1SZ
1 bed 1 bath Commercial Development
Victorian corner property with income and planning consent for residential conversion.
Two ground-floor commercial units producing £16,000 per annum combined
A substantial Victorian corner investment in St Annes town centre, offered with two income-producing ground-floor commercial units and planning consent to create a first-floor two-bedroom apartment. The two ground-floor units currently produce a combined £16,000 per annum; the first-floor former dentist is vacant with planning approval (app no 25/0421) for conversion to residential, presenting immediate uplift potential. The property sits on a very long ground lease (981 years remaining) with a nominal ground rent of £5 per annum.
The building has strong period character — red brick bay windows, decorative brickwork and high ceilings — which can be an attractive selling or letting point for a converted apartment or refurbished commercial fronts. Mobile signal and broadband are both good, and the site occupies a prominent corner on The Crescent at St Andrews Road South, close to a dense mix of retail, leisure and transport amenities.
Buyers should be aware of material neighbourhood factors: the location is recorded as very deprived with high local crime levels and a population profile of constrained renters and migrant families. Part of the upper floors are separately leased on a long lease at a nominal rent and were not inspected; the first-floor conversion will require fit-out and compliance costs to achieve residential standard. The successful purchaser should budget for conversion/build costs, potential void periods, and ongoing management given the mixed-tenure nature of the building.
This lot suits an investor or developer seeking a central town-centre asset with immediate rental income and near-term value-add via permitted conversion. It offers clear upside but carries neighbourhood and refurbishment considerations that will affect repositioning and exit strategy.
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